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Home / Business / Huawei gets exposed to doing business with US companies: Exclusive

Huawei gets exposed to doing business with US companies: Exclusive



Huawei, the world's largest telecommunications company, has been granted a 90-day extension for its temporary general licenses, Commerce Department sources exclusively told FOX Business.

"The temporary extension of the general license will allow carriers to continue serving customers in some of the most remote areas of the United States that would otherwise remain in the dark," Commerce Secretary Wilbur Ross said in a press release announcing the expansion. "The department will continue to closely monitor sensitive technology exports to ensure that our innovations are not exploited by those who will threaten our national security."

The expansion, due to expire on Tuesday, allows US companies to sell to Huawei for the next 90 days. Commerce Secretary Wilbur Ross says 1

30 applications from companies a are being considered for sale to Huawei without the provisional general license.

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Huawei declined comment on FOX Business. An official announcement from the trade could come as early as today.

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In May, the Trump administration signed an executive order banning all US companies from using Huawei equipment.

The Trump administration lifted the ban in July as part of President Trump's ceasefire with Chinese President Xi Jinping. The exemption was extended in August by a further 90 days. But US companies were blocked from doing business with Huawei.

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This move can also be interpreted as a goodwill gesture amid the ongoing US-China trade talks. . If the deadline was met, no US companies would be allowed to do business with Huawei without a special license.

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